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This paper finds a link between the sharp drop in U.S. manufacturing employment beginning in 2001 and a change in U ….S. trade policy that eliminated potential tariff increases on Chinese imports. Industries where the threat of tariff hikes … declines the most experience more severe employment losses along with larger increases in the value of imports from China and …
Persistent link: https://www.econbiz.de/10010734330
This paper examines the relationship between financial development, CO2 emissions, trade and economic growth using … is evidence of bidirectional causality between CO2 emissions and economic growth. Economic growth and trade openness are … interrelated i.e. bidirectional causality. Feedback hypothesis is validated between trade openness and financial development …
Persistent link: https://www.econbiz.de/10011165503
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective … incentives and increase job acceptance incentives. We show that sufficiently low minimum wages may do no harm to employment …
Persistent link: https://www.econbiz.de/10010877633
developments. Institutional factors, such as a trend increase in the generosity of unemployment insurance, caused some secular rise …By international standards, unemployment in Sweden remained remarkably low throughout the 1970s and the 1980s. In the … early 1990s, however, the unemployment rate skyrocketed and hit double-digit levels. Unemployment remained high for several …
Persistent link: https://www.econbiz.de/10005766044
In the past decades unemployment in the Netherlands has gone down substantially. The main suspects responsible for this … unemployment rate in the Netherlands has increased somewhat. However, since the huge decline in unemployment was due to structural … improvements in the functioning of the labor market there is not a lot of reason to worry about the recent rise in unemployment …
Persistent link: https://www.econbiz.de/10005406185
such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …
Persistent link: https://www.econbiz.de/10005766226
. Furthermore, they fail to allow for quantity rationing and to model unemployment as a catastrophic event. The macroeconomics based …
Persistent link: https://www.econbiz.de/10005181517
The Friedman rule states that steady-state welfare is maximized when there is deflation at the real rate of interest. Recent work by Khan et al (2003) uses a richer model but still finds deflation optimal. In an otherwise standard new Keynesian model we show that, if households have hyperbolic...
Persistent link: https://www.econbiz.de/10009024848
unequal. I do not find strong support for unemployment and the size of government consumption affecting income distribution …
Persistent link: https://www.econbiz.de/10005051550
always reduces employment in the material goods sector. International trade may reduce wages in poor countries and increase …
Persistent link: https://www.econbiz.de/10005181434